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Globalization and India – CEN’s Trade with special reference to Men's Shirts

Author

Listed:
  • Toni Sharma

    (IIT Patna)

  • Nalin Bharti

    (IIT Patna)

Abstract

Post globalisation, India's trade to the majority of the developed countries in the world has increased significantly, out of which a significant part of the trade happens with Central European Nations (Austria, Czech Republic, Germany, Hungary, Poland, Slovak Republic, Slovenia and Switzerland). Trade between these two entities is highly complementary. There is scarce commonality between what India exports to Central European Nations (CEN) and vice versa. India is one of the biggest exporter of textiles and apparel in the world of which one fourth of India's exports happens with European Union. Post MFA, India's exports to CEN has been increasing gradually, notwithstanding the fact that India is not one of the 'preferred' nations for EU. It's interesting to note that India shares a more than cordial relation with most of the Central European Nations which implies a possibility of increased trade. Another fact is that India's apparel exports to the CEN forms a very small percentage of the total apparel imports of CEN. This percentage share can be increased with the help of better understanding and collaboration between India and CEN, both at the macro as well as the micro level. Keeping in line with this, the research paper focuses on India's apparel exports in general and men's shirts in particular. Men’s Shirts forms a significant part of total apparel exports of India but this product occupies the lowest rung in India's apparel export to CEN despite the fact that CEN imports men’s shirts in huge volumes. Men's Shirts hold a peculiar position in that there is a lower level of variation in terms of textiles used, the value additions, etc. as compared to other apparel categories. This simplicity is helpful when initiating a research in a particular area which can then be extended to more complex products. This research paper involves analysis of the trade between India and CEN for the ten year period (2006-07 to 2015-16) from which the effects of globalisation processes can be seen from close quarters. The data reveals that the export of men’s shirt from India to CEN is fairly correlated with the overall exports of India to CEN. The research reveals that India, being one of the favourite destination for global apparel sourcing for the entire world, can be used as a solution to the local problems of a few nations belonging to CEN which will act as a support amidst the turmoil facing Europe in the recent times.

Suggested Citation

  • Toni Sharma & Nalin Bharti, 2017. "Globalization and India – CEN’s Trade with special reference to Men's Shirts," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2017),, Óbuda University, Keleti Faculty of Business and Management.
    • Handle: RePEc:pkk:meb017:487-509
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    References listed on IDEAS

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    1. Jagdish N. Bhagwati, 2004. "In Defense of Globalization: It Has a Human Face," Rivista di Politica Economica, SIPI Spa, vol. 94(6), pages 9-20, November-.
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